Piazza Affari turns positive in mid-morning, after a sluggish opening dragged down by the recovery that does not exist and is felt on the accounts of Piazza Affari: data that emerges from the accounts of the Italian corporate sector for the first nine months indicates a total turnover that stood at 415 billion against 432 in 2012, with a drop of 3,9%.
The same assessment for the banks, negative protagonists of the 1,5% loss of the Milan Stock Exchange in the past week. The sample of the top 12 banks that have already delivered the third quarter numbers records a total profit of 158 million against 2,146 million a year ago. In this case, the very heavy cut (1,3 billion) to Carige accounts weighs.
Instead, the Ftse-Mib index rose in the middle of the morning (+1,34% at 11), mainly driven by theprint by Saipem, which gained 4% in the first few minutes of trading at 18,38 euros. According to press rumors, the Norwegian Seadrill could be interested in taking over the drilling activities in the open sea (offshore), while Equita analysts suggest keeping the title in the portfolio (Hold), indicating a target price of 18,6 euros.
Banco Popolare and Finmeccanica also performed well, both over +3%. On the other hand, the debut of Ki-Group in the Aim sector was negative: -1,54% y €6,40 per share. Stable Btp-Bund spread below 250 basis points.
